ElderCareCost
Showing results for ZIP 69020 (NE)
Home ZIP 45174

Nursing Care Facilities Market: ZIP 45174

Opportunity Score
78 / 100 Good
Based on walkability, population density, income levels, and local business competition.

Market Summary

ZIP 45174 is an urban area. with a population of 2,294 and household incomes well above the national median ($205,795).

Area Profile

2,294
Population
$205,795
Median Income
+176% vs. national
Urban
Area Type
Median Age: 38.5 — mixed-age market, broad menu appeal.
College-Educated: 51.5% — strong appetite for artisan/specialty food.

Operating Costs

Local cost levels affect space, labor, and operating expenses.

$1,930
2BR Fair Market Rent
$3,021
Median Gross Rent
$580 K
Median Home Value

Tips for Starting a Elder Care Business in Ohio

  • State licensing for assisted living takes 6-12 months and involves facility inspections, staffing plans, and background checks. Start early.
  • Staffing is your #1 cost and #1 challenge. CNA turnover runs 50-75% annually in most markets. Budget for constant recruiting.
  • Medicare and Medicaid reimbursement rates vary by state. Some states pay well. Others don't cover costs. Know your state's rates before committing.
  • Start small. A residential care home (6-8 beds) requires far less capital than a 50-bed facility and lets you prove your model.
  • The median income here is $205,795. That gives you pricing room most markets don't offer. Don't underprice.

Data sources

U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits